As markets melted down in March, the Federal Reserve unveiled novel programs meant to keep credit flowing to states, medium-sized businesses and big companies — and Congress handed Treasury Secretary […]
Credit and Debt
Trending topics and news from the Credit and Debt category
Back to news homeBiden’s Economic Team Suggests Focus on Workers and Income Equality
WASHINGTON — President-elect Joseph R. Biden Jr. formally announced his top economic advisers on Monday, choosing a team that is stocked with champions of organized labor and marginalized workers, signaling […]
Mnuchin Cites Principles in Clawing Back Fed Money. Democrats See Politics.
WASHINGTON — Treasury Secretary Steven Mnuchin broke sharply with the Federal Reserve this week, choosing to end a variety of programs aimed at helping markets, businesses and municipalities weather the […]
Mnuchin Plans to End Some Emergency Fed Facilities
WASHINGTON — Treasury Secretary Steven Mnuchin said he does not plan to extend several key emergency lending programs beyond the end of the year and asked the Federal Reserve to […]
For Millions Deep in Student Loan Debt, Bankruptcy Is No Easy Fix
With two mortgages, three children and $83,000 in student loan debt, the financial strain finally became too much for George A. Johnson and Melanie Raney-Johnson. New bills kept piling up: […]
Fed Holds Rates Steady and Signals Continued Wariness
WASHINGTON — The Federal Reserve chair, Jerome H. Powell, said on Thursday that the labor market’s recovery was only halfway complete and that more government support would likely be needed […]
Recession’s Silver Lining: American Households Are Doing Better Than Expected
For months, Americans have barely dined at restaurants or traveled for vacation. There have been no ballgames or concerts to attend. Gym and other memberships mostly remain frozen. Forced into […]